Build More to Drive Down the Price of Wind and Solar

Turbines at the Spring Canyon Wind Farm outside Peetz, Colo. The farm is owned by Invenergy, and produces energy under contract to Xcel Energy. Credit Ryan David Brown for The New York Times

According to a recent NY Times article, one electric utility is embracing wind and solar, not for environmental reasons, but because “In parts of the country, wind and solar plants built from scratch now offer the cheapest power available, even counting old coal, which was long seen as unbeatable…

How, exactly, did the cleanest energy technologies get on path to become the cheapest? In a way, the story is as old as Henry Ford and his Model T, or in more recent times, the amazing progress of computer chips. As they scale up, new technologies often follow a ‘learning curve’ that cuts the cost. But it’s not automatic. You have to build more and more units to drive the prices down. That happened naturally with consumer products like Model Ts and cellphones, since everybody who saw the things wanted one. But the electricity system was a hidebound, monopolistic industry that used to spend virtually nothing on innovation…

But most utilities are still only doing what governments have required of them.” Luckily, we can still help promote building more and more clean power units and help drive the cost down further.